WTI oil completed its second bullish leg and has now formed a reversal setup. The price action shows that WTI missed the ascending channel support and is currently consolidating below the previous support zone, which has now turned into a resistance level. This suggests a potential bearish outlook as the price struggles to regain upward momentum. With the recent...
The general trend of oil is currently downward and every high is worth selling! Pay attention to the limits beforehand and check in a small time frame
My Dear Robbers / Traders, This is our master plan to Heist WTI Crude Oil Market based on Thief Trading style Technical Analysis.. kindly please follow the plan I have mentioned in the chart focus on Short entry. Our target is Green Zone that is High risk Dangerous level, market is oversold / Consolidation / Trend Reversal at the level Bullish Robbers / Traders...
Crude oil technical analysis Daily resistance 83.4, support below 80.62-79 Four-hour resistance 83.4-82.5, support below 81.2 Crude oil operation suggestions: Crude oil fluctuated and consolidated in a narrow range at a high level last Friday. The overall price continued the recent high-level fluctuation and consolidation rhythm. Today, the upper pressure...
This week, the crude oil market, especially WTI crude oil, experienced a series of fluctuations, ultimately ending the weekend trading session with a slight decrease in WTI crude oil futures prices. Despite pressure from a stronger US Dollar, growing US oil demand and falling fuel inventories supported crude markets, while geopolitical tensions added to market...
TVC:USOIL prices recovered after hitting a nearly two-week low after a surge in U.S. refining activity last week pushed gasoline and crude inventories down more than expected. US crude inventories fell 3.4 million barrels in the week ended July 5 to 445.1 million barrels, far exceeding market expectations for a decline of 1.3 million barrels. Gasoline...
I consider this szenario to open my LONG position with several Stops on the move towards 84 or even 85. Volume Profile and Neck Line support this idea.
Last week (July 02, see chart below) we called for a short-term correction upon a potential Lower Highs rejection on WTI Oil (USOIL): As you can see, the strong rejection was materialized last Friday on that 9-month Resistance, and the long-term Triangle pattern is technically looking for a 0.618 Fibonacci retracement level test. Zooming out on the 1W...
Based on the previous 15-minute analysis and the current 1-hour chart, WTI Crude Oil is showing strong support around the $83.00 zone. This area has acted as a significant support level, and the price has bounced off it, indicating a potential buy opportunity. On the 15-minute chart, the price had a brief consolidation phase within the support zone before showing...
WTI Crude Oil shows promising bullish momentum as it consolidates above a key static support zone, indicating potential for further gains. The price action demonstrates two major bullish legs, with the current position in the middle of the second major leg, suggesting continued upward movement. Additionally, the presence of a second minor leg forming suggests...
WTI - 24h expiry Bespoke support is located at 80.70. Offers ample risk/reward to buy at the market. Our short term bias remains positive. 50 4hour EMA is at 80.73. 80.59 has been pivotal. We look to Buy at 80.75 (stop at 79.95) Our profit targets will be 82.75 and 83.25 Resistance: 81.50 / 82.24 / 83.00 Support: 80.50 / 79.50 / 79.00 Risk...
Oil analysis 4-hour and 1-hour time frames The price is near the 4 and 1 hour supply area and we expect it to start correcting after hitting the area.
USOIL(WTI) in the early month of June made gains in a localized ascending channel since 4th Jume from $72.497 to $78.98 but the $79 price remains a strong resistance to the price ascension. As long as $79 and $78.55 remains resistance, USOIL (WTI) could fall to the $76.5 with potential further extension of the losses to $75 in the coming days. Resistance 1:...
WTI is on track for a bullish engulfing week to snap a 3-week losing streak. And as it fell over 17% from the April high, it could pave the way for further gains in the coming weeks. However, there are plenty of resistance levels around the $80 that could spur bears from the side lines. The May VPOC and VAH sit around Wednesday's high, and the monthly R1 and...
The WTI Oil chart shows a compelling setup for a short position. The price has rallied into a significant resistance zone around $79, coinciding with a strong downward trend line that has been respected multiple times. This area acts as a confluence of resistance, providing a high-probability entry for selling. Given the persistent bearish trend, this resistance...
WTI Crude Oil is trading in a bearish trend on a daily. For the entire month of May, the market is consolidating within a horizontal range. I believe that a bearish trend will continue after a violation of the support of the range. I am waiting for its breakout to sell the market. A daily candle close below 75.5 will confirm a violation. A bearish wave will...
The WTI Oil 4H chart displays a classic bullish reversal pattern, often referred to as the "three pushes" or "three drives" pattern. This pattern is characterized by three distinct attempts by the market to push lower, each attempt being met with increasing buying interest. The current setup shows that after three downward pushes, the price has started to rebound,...